Showing posts with label Job Market. Show all posts
Showing posts with label Job Market. Show all posts
Tuesday, March 31, 2020
Friday, December 6, 2019
US Jobs Growth Beats Expectations in November
Gee, with this great news no wonder Democrats are afraid Trump will get re-elected.
RELATED: Boom! Job Creation In November Best In A Year
Friday, September 6, 2019
Record 157,878,000 Employed in August; Record Low Unemployment Rate for Blacks
Gee, if you're a liberal like Bill Maher or an anchor at MSNBC or CNN hoping and praying for a recession to beat Trump, this isn't good news.
RELATED: Record 157,878,000 Employed in August; Record Low Unemployment Rate for Blacks
Friday, July 5, 2019
Sunday, February 3, 2019
Ain't The Devil Happy: In The News - Week of 2//3/2019
Texas Dad Court-Ordered To Not Call 6-Yr-Old Son ‘He’ As Ex-Wife Transitions Him But Not His Twin Brother
Embattled Virginia Governor Ralph Northam Abruptly Changes Political Affiliation
Can a Christian Vote for a Democrat?
Sen. Stabenow: Border Bill Could Survive Trump Veto
Maduro Proposes New Parliament Vote as Venezuelans Protest
Foxconn Reverses, Will Build Wis. Plant After Trump Intervenes
Democracy Dies In Darkness When The Media Avoids Extremist Democrats
Democrats’ Inexorable Abortion Logic Has Finally Caught Up With Them
GM Will Begin Massive Layoffs. Here's How Many Jobs Are Being Axed.
Another University Just Blocked Ben Shapiro From Speaking
Fever Dream: Mueller’s Collusion-Free Collusion Indictment of Roger Stone
Sharpton: Totally Unacceptable Northam Did Not Resign, ‘He Said I Didn’t Do Blackface Here, I Did Blackface There’
Michael Avenatti Will Not Be Charged Over Domestic Violence Incident
Federal Judge To New Orleans: On Further Review, The Worst Call Ever On The Field Stands
Wednesday, November 28, 2018
Friday, November 2, 2018
CNBC Reports On Huge Jobs Report: “Biggest Jump In Wages Since April 2009”
Vote Republican on Tuesday if you want this success to continue.
RELATED: Jobs smash estimates with gain of 250,000, wage gains pass 3% for first time since recession
Saturday, April 7, 2018
Sunday, August 6, 2017
Ain't The Devil Happy: In The News - Week of 8/6/17
We All Need To Admit That America Has A Tattoo Problem
Planned Parenthood’s Gender Identity Guide For Preschoolers Says Some Girls Have Penises
Record 153,513,000 Employed in July; 62.9% Labor Force Participation
Michael Moore Proposes Plea Deal: Resign and Your Kids Won't Be 'Thrown in Jail'
NY Times Editor Criticizes Women's March's 'Embrace of Hate' in Op-Ed
AP Reporter Smears Stephen Miller As in League With 'Far-Right' 'White Supremacists'
The Treachery of Murkowski, Collins and McCain
The New Asian Exclusion Act
Dershowitz: Mueller Chose D.C. For His Grand Jury Knowing Jurors Are Likely To Be Anti-Trump
Signs Of Cooperation On Cleaning Up The Voter Rolls
‘Disgraceful and Offensive’: Mike Pence Pushes Back Hard on NYT Story Detailing 2020 Ambitions
Why Won’t Media Outlets Report Mosque Bombings As Deliberate Terrorism
Sunday, February 26, 2017
Ain't The Devil Happy: In The News - Week of 2/26/17
Democrats can’t win until they recognize how bad Obama’s financial policies were
The Chris Cuomo Dilemma
The Stars of Sexist and Racist Hollywood Shine Bright Tonight
Trump Goes Hunting For 'Job-Killing Regulations'
Will Court Ruling Against Christian Florist Prompt Trump to Action on Religious Freedom?
NBC Video Using Kids to Assail Trump Has Chilling Precedent
Obamacare Replacement Draft Legislation Leaked
Why The Leaks Won't Stop
Why not give Betsy DeVos and school vouchers a try?
National Debt Dips. Trump Crows. Well, Sure, but …
Wednesday, December 28, 2016
Wednesday, May 4, 2016
Tuesday, January 19, 2016
Barack Obama's Job Gains Have Gone To The Least Educated, And Lowest Paid Workers
ZeroHedge.com:
One of the recurring themes in Obama's final State of the Union address was describing the strength of the economic recovery as witnessed by the number of job gains over the past 6 (if not exactly 7) years, clearly a purely quantitative metric. There was no discussion of the qualitative component of these job gains for one simple reason: as we have explained for years, the bulk of new labor has gone to undereducated, minimum wage (and often part-time) workers.
We have dubbed this the "waiter and bartender" recovery for a reason that becomes immediately clear when looking at the chart below.
We have also gotten tired of reiterating all of this (we do so every month when the BLS released its latest jobs data that just happens to lack the biggest missing piece in the Fed's "recovery" - wage growth).
So today we give the podium to the ECRI's Lakshman Achuthan who explains it so well even a US president would get it.RELATED: The Short-Term President
The sustained decline in the official jobless rate – now near the Fed’s estimate of “full employment” – is a misleading indicator of labor market health.
Indeed, the stagnation in nominal wage growth is consistent with the weakness in the employment/population (E/P) ratio. After dropping to three-decade lows in the wake of the Great Recession, the E/P ratio has barely improved since the fall of 2013, reversing only a quarter of its decline from its pre-recession highs. Furthermore – as a breakdown of the E/P ratio by education level shows – even this modest improvement is illusory.
Since 2011, when the E/P ratio for those with less than a high school diploma bottomed, that metric has regained almost two-thirds of its recessionary losses (orange line in chart). But the E/P ratio for high school or college graduates – i.e., eight out of nine American adults – has not recovered any of its recessionary losses, and has barely budged in four years (purple line).
This data underscores how the jobs recovery has been spearheaded by cheap labor, with job gains going disproportionately to the least educated — and lowest-paid — workers, many of whom have to work multiple jobs to make ends meets.
This is scarcely supportive of Janet Yellen’s description of a “much healthier” consumer in justifying the Fed rate hike.
Subscribe to:
Posts (Atom)